The economic architecture of Seychelles is substantial, anchored by a Gross Domestic Product (GDP) of approximately $2.14B
2023
. This places it as the 170th largest economy out of 192 countries measured, underscoring its significance on the world stage. On a per capita basis, GDP stands at $17.88K
2023
, while its GDP adjusted for Purchasing Power Parity (PPP) is estimated at $3.92B, offering a clearer picture of the population's domestic purchasing power. The economy demonstrates solid, consistent growth, expanding at a healthy rate of 3.2%
2023
, accompanied by a stable price environment, with inflation (CPI) contained at 0.3%.
2024
On the global stage, Seychelles's trade and financial dynamics reveal a complex interplay of international and domestic factors. The nation's economic activity is heavily reliant on foreign goods, running a considerable trade deficit with imports at 97.1% of GDP and exports at 85.9%
2023
. The investment climate attracts significant Foreign Direct Investment (FDI), with inflows constituting 11.19% of the economy
2023
. This performance positions the country 15th globally out of 187 nations, confirming its status as a competitive destination for foreign capital. Furthermore, personal remittances from its diaspora are a vital component of the economy, amounting to a substantial $11.42M annually
2023
. Fiscal capacity is adequate, with tax collections representing 22.1% of GDP, supporting core state functions.
2008
The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $16,940
2023
, ranking the nation 56th out of 191. This figure provides a comprehensive measure of the average income per person, reflecting the nation's overall economic well-being. Despite its economic standing, poverty remains a salient issue, with 25.3% of the population living below the national poverty line
2018
. The country achieves a relatively equitable distribution of income, reflected in a low Gini index of 32.1.
2018
In the environmental and energy sectors, the nation's policies and outcomes reflect its developmental priorities. Energy consumption per capita stands at 2,410.829 kg of oil equivalent
2007
, a metric that often correlates with industrial activity and living standards. The energy portfolio remains heavily dependent on conventional sources, with renewables contributing a modest 1.9%
2022
. This commitment places it 23rd among 191 countries, highlighting its relative progress in decarbonization. Total greenhouse gas emissions were last recorded at 1.34K tonnes of CO2 equivalent
2023
, a key factor in its national climate strategy and international obligations.

Key Economic Insights

Macroeconomic Health

Balancing growth, inflation, and employment remains the core challenge for economic stewardship.

Trade & Investment Profile

A deeply globalized, export-powerhouse economy that is highly attractive to foreign capital, making it vulnerable but adaptive to global shifts.

Social Equity & Distribution

Ensuring equitable distribution of economic gains is fundamental for long-term social and political stability.

Energy & Sustainability

A heavy dependence on fossil fuels poses significant long-term risks, including exposure to price volatility, energy insecurity, and climate change impacts.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.